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Baidu, FAW to Jointly Launch L4 Autonomous Passenger Car by End of 2019

Baidu, 11/01/18

Robin Li, CEO of Baidu (Nasdaq: BIDU), announced today at the annual Baidu World event in Beijing that the Chinese internet giant plans for volume production of China’s first Level 4 (L4) Hongqi autonomous driving passenger vehicle in collaboration with Chinese automaker FAW Group, collaboration with Chinese-owned Swedish car manufacturer Volvo to jointly develop electric cars with full autonomous capabilities for the China market, and plans for autonomous driving taxis. Read More

Apparel Inventory Distribution App Akuncun Completes RMB 580 Mln Series B

36Kr.com, 7/02/18

Shanghai-based Chedong Information Technology, operator of apparel inventory distribution app Akuncun, recently announced completion of RMB 580 mln in Series B funding led by Legend Capital with participation by Eastern Bell Venture Capital and Xiamen-based C&D Corporation. Read More

AI Interactive Systems Developer Trio.ai Completes RMB 110 Mln Series B

PE Daily, 5/15/18

Ma Yuchi, founder of Beijing-based artificial intelligence interactive systems developer Tricorn Technology (Trio.ai), recently announced that the company has completed RMB 110 mln in Series B funding from investors including Taiwanese electronics manufacturer Foxconn (2038.HK; 2354.TW), Beijing-based Hanfor Capital Management, China Minsheng Investment, and Guangju Technology Ventures (Xiamen Torch Group). Read More

Rumor: Didi Chuxing to Launch Takeout Delivery Service in 9 Cities

Caijing, 3/06/18

Chinese taxi booking and car hire service app Didi Chuxing will reportedly launch a new takeout delivery service called Didi Waimai (Didi Takeout Delivery) in nine cities including Wuxi, Nanjing, Changsha, Fujian, Jinan, Ningbo, Wenzhou, Chengdu, and Xiamen, according to online media outlet Caijing. Read More

AI-based Tax and Financial Services Platform Onlyou Lands RMB 300 Mln Series A

Lieyunwang, 12/09/17

Shenzhen-based Shangji Enterprise Service, operator of online tax and financial services platform Onlyou.com, has won RMB 300 mln in Series A funding from AVIC Trust, Xiamen Changrong Capital, Shengnong Capital, and Pan-China (Xiamen) Consulting. Read More

Gome to Open 100,000 Microstores on WeChat

Beijing Business Today, 3/27/15

Chinese home appliance and consumer electronics retailer Gome (0493.HK) will establish 100,000 mobile "microstores" this year and has already started large-scale testing of more than 10,000 such stores in Xiamen and Xi'an, according to Gome president Wang Junzhou at the company's 2014 financial results meeting. Read More

Tencent Unifies App Distribution under Myapp

Shanghai Securities News, 1/17/14

Chinese internet and mobile services firm Tencent (0700.HK) announced at the company's 2014 mobile open platform strategy meeting yesterday that the company has upgraded its Myapp app store to become Tencent's unified mobile app developer distribution platform. Read More

China Approves 18 Next-Gen Internet Trial Cities

Ndrc.gov.cn, 12/26/13

Approval has been given for next-generation internet trials in 15 cities across China. Read More

Uuzu Enters Backdoor Listing Agreement

Shenzhen Stock Exchange, 10/24/13

Fuzhou-based umbrella manufacturer Susino (002174.SZ) has announced that the company intends to acquire a 100% stake in Shanghai-based browser game developer and operator Uuzu Information Technology through share issuances. Read More

Suning Logistics Project Halfway Completed

Sina Tech, 6/24/13

Li Bin, VP of Chinese consumer electronics and home appliances retailer Suning's (002024.SZ) B2C site Suning.com, said on June 24 that 50% of development for the company's nationwide "Logistics Cloud" logistics project has been completed. Read More